NOT LISTED FOR SALE

2031 W Camelback Rd Phoenix, AZ 85015

Alhambra Neighborhood

Estimated Value: $1,397,821

1 Bed
-- Bath
16,503 Sq Ft
$85/Sq Ft Est. Value

Last Sold August 14, 2020

Last sale price $970,000 $59 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $8,473/month

401 Days on Market

About This Home

As of August 2020

• Located in a Very Sought After Opportunity Zone
• For Sale: $1,200,000.00 ($72.71 PSF)
• For Lease: $14.00 PSF Modified Gross
• 16,503 SF 3-Stories (With Basement)
• Former Bank Branch Building with Gated Access to Covered Parking
• Sits on 1.00 Acre (43,560 SF)
• Zoning - C-2 City of Phoenix
• Ingress/Egress of Camelback Rd and 21st Ave
• Great Building Signage
• Aprox 1/4 mile from Light rail,1/2 mile from the I-17 and less than a mile from Grand Canyon University

Last Agent to Sell the Property

Tanner Milne

The Menlo Group Commercial Real Estate License #BR559670000 Listed on: 06/10/2019

Last Buyer's Agent

Brian Vander Meulen

I.D.E.A.L. Commercial RE License #BR661529000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $12,167

Year Built

  • Built in 1972

Lot Details

  • 1 Acre Lot
  • Property is zoned C-2

Home Design

  • 16,503 Sq Ft Home

Parking

  • 10 Open Parking Spaces
  • 10 Parking Spaces
  • Paved Parking

Community Details

  • Operating Expense $12,167

Listing and Financial Details

  • Assessor Parcel Number 154-01-003-F

Property Details

Property Type

Other

Est. Annual Taxes

$12,167

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Cross Street: Camelback Rd and 21st Ave
  • Legal Info Range: 2E
  • Property Type: Comm/Industry Sale
  • Zoning: C-2
  • Number Of Buildings: 1
  • Ownership: Other (See Remarks)
  • Year Built: 1972
  • Tax Year: 2018
  • Lot Size Acres: 1.0
  • Structure Type: Other (See Remarks), Commercial
  • Tax Parcel Letter: F
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Other
  • Living Area: 16503.0

Exterior Features

  • Fencing: Other, See Remarks
  • Disclosures: Other (See Remarks)
  • Construction Type: See Remarks
  • Roof: See Remarks
  • Construction:Other (See Remarks)23: Yes

Garage/Parking

  • Parking Features: Other (See Remarks), Paved Parking
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 10.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 10.0
  • Parking:Paved Parking: Yes
  • Parking:Other (See Remarks)24: Yes

Utilities

  • Electric: Other (See Remarks)
  • Cooling: Other, See Remarks
  • Heating: Other, See Remarks
  • Water Source: Other, See Remarks
  • Main Cooling Other: Yes

Lot Info

  • Lot Size Sq Ft: 43560.0
  • Parcel #: 154-01-003-F
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Annual Operating Expense: 12166.6
  • Leasable Area: 16503.0

Tax Info

  • Tax Annual Amount: 12166.6
  • Tax Book Number: 154.00
  • Tax Lot: -
  • Tax Map Number: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2019
Closed on
Aug 14, 2020
Sold by
Az Bell Rd Llc
Bought by
W Development Oz Llc
Seller's Agent
Tanner Milne
The Menlo Group Commercial Real Estate
Buyer's Agent
Brian Vander Meulen
I.D.E.A.L. Commercial RE
List Price
$1,402,755
Sold Price
$970,000
Premium/Discount to List
-$432,755
-30.85%
Current Estimated Value
$1,397,821

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$427,821
Avg. Annual Appreciation
7.34%

Purchase Details

Closed on
Dec 2, 2016
Sold by
Babfam Capital Llc
Bought by
Az Bell Rd Llc

Purchase Details

Closed on
Jun 30, 2014
Sold by
Kemf 21St Ave & Camelback Llc
Bought by
Babfam Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,700
Interest Rate
4.17%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 12, 2013
Sold by
Bmo Harris Bank Na
Bought by
Kemf 21St Ave & Camelback Llc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
W Development Oz Llc $970,000 Commonwealth Title
Az Bell Rd Llc $700,000 Chicago Title Agency Inc
Babfam Capital Llc $535,000 None Available
Kemf 21St Ave & Camelback Llc $330,330 Chicago Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Babfam Capital Llc $427,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/14/2020 08/14/20 Sold $970,000 -19.2% $59 / Sq Ft
07/15/2020 07/15/20 Pending -- -- --
08/13/2019 08/13/19 Price Changed $1,200,000 -14.5% $73 / Sq Ft
06/10/2019 06/10/19 For Sale $1,402,755 -- $85 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $12,740 $86,006 -- --
2024 $13,189 $84,470 -- --
2023 $13,189 $244,018 $75,854 $168,164
2022 $13,368 $156,136 $104,808 $51,328
2021 $13,879 $171,342 $107,802 $63,540
2020 $13,343 $186,066 $69,078 $116,988
2019 $13,178 $133,830 $69,462 $64,368
2018 $12,167 $125,262 $72,846 $52,416
2017 $12,013 $123,786 $70,722 $53,064
2016 $11,507 $117,468 $77,976 $39,492
2015 $11,193 $61,050 $37,369 $23,681
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2020

    Tanner Milne

    The Menlo Group Commercial Real Estate

    Section Image

  • B

    Buyer's Agent in 2020

    Brian Vander Meulen

    I.D.E.A.L. Commercial RE

    Section Image
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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5937923

Arizona Regional Multiple Listing Service (ARMLS)

APN: 154-01-003F

Arizona Maricopa County Phoenix 85015 Alhambra

2031 W Camelback Rd, Phoenix, AZ

This home is located at 2031 W Camelback Rd, Phoenix, AZ 85015 since 10 June 2019 and is currently estimated at $1,397,821, approximately $84 per square foot. This property was built in 1972. 2031 W Camelback Rd is a home located in Maricopa County with nearby schools including Westwood Primary School, Choice Learning Academy, and Central High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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